Prime Location on a busy exit of Lake city on I-75 close to I-10 & I-75 Interchange junction. Property consists of 3 buildings and portion of the property is vacant land for which Impact fees have been paid to build additional 20 rooms to the existing motel. The closed Convenience store and Gas Station can be revived and restarted. The Gas tanks are current, Inspected and Insured. If Local Authorities permit, instead of 20 rooms any other ancillary Uses can be developed on the Vacant portion of the property. Ideally Oil & Lube, Tire shop or a bigger convenience store with more pumping stations will be a good Value addition.
Financial Considerations
Price:
$1,990,000
HOA Fee:
N/A
Tax Amount:
$12500.71
Price per SqFt:
$214.39
Tax Legal Description:
COMM INTERS OF S R/W CR-252 & SW'LY R/W US-90, RUN SE'LY ALONG R/W 200.62 FT FOR POB, CONT SE'LY ALONG US-90 282.65 FT, SW 6 DEG 300 FT, W 293.6 FT, NE 8 DEG 312.74 FT TO POB. (AMERICAN INN OF COLUMBIA COUNTY) ORB 391-493, 452-113, 596-282, 617-592,